Earnings Per Share

12 Months Ended

Feb. 28, 2023

Note 20 - Earnings Per Share

We compute basic earnings per share using the weighted average number of shares of common stock outstanding during the period. We compute diluted earnings per share using the weighted average number of shares of common stock outstanding plus the effect of dilutive securities. Dilutive securities at any given point in time may consist of outstanding options to purchase common stock and issued and contingently issuable unvested RSUs, PSUs, RSAs, PSAs and other stock-based awards (see Note 9). Anti-dilutive securities are not included in the computation of diluted earnings per share under the treasury stock method.

The following table presents our weighted average basic and diluted shares outstanding for the periods shown:


	Fiscal Years Ended Last Day of February,
(in thousands)	2023	2022	2021
Weighted average shares outstanding, basic	23,955	24,142	24,985
Incremental shares from share-based compensation arrangements	135	268	211
Weighted average shares outstanding, diluted	24,090	24,410	25,196



Anti-dilutive securities	46	17	112